BitMine Adds $19M in Ethereum, Nears 5% of Total Supply

BitMine Immersion Technologies has made another significant Ethereum purchase, adding $19 million to its balance sheet. This brings the company's total ETH holdings to approximately 5.78 million, accounting for about 4.8% of the entire Ethereum supply.

This makes BitMine the largest corporate holder of ETH in the world, surpassing all other companies by a significant margin. The company's strategy involves buying Ethereum every week since June 2025, leaning into dips, and staking the holdings to generate yield.

BitMine's total crypto and cash holdings now sit at around $11.5 billion, which includes 207 BTC and various other assets. The ETH position is clearly the centerpiece of its portfolio.